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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: francis terry who wrote (10860)	7/5/1999 10:01:00 AM
From: Thor Carlsen	Read Replies (4) \| Respond to of 14226

Is this a market bottom or what? How low can Precious Metals go? England has started auctioning their Gold and the People are not particularly pleased about it. The Sale is going to help the poor Countries. You know Poor Countries that depend on a strong value of Gold or other Precious Resources to help feed and maintain their People. The Gold Sale amounts to 1% of 1 % of what these 3rd world countries need. And now, thanks to the final blow to Gold these third world countries will actually suffer much more than if the price of PMs had stayed higher and they didn't receive any benefits. Regarding the benefits: No, there won't be any benefits and one by one Mining Companies are going belly-up. South Africans Miners are now becoming unemployed after 30 years of working (7% of S. African workforce are Miners). The companies can no longer make a profit. Does one think Mali or other Countries will survive if metal is 250 per ounce? The World Gold production is not keeping up with World demand. Every time the World is ready for a little up tick in an inflationary signal on Gold another Country declares that they will sell their reserves. Why does that happen? We (USA) don't do that, how can we? We have no idea of exactly what we have. Yes we have Gold, but a physical counting of ALL the Gold has not been done since the "New Deal". We can't sell something if it is not there. But we can flood the World with Credit. We can throw money (not Gold) all around. The IMF confirmed last week that in Fact, Russia took a 1 billion-dollar loan from the IMF in 1996 and put it immediately in an offshore bank account. Could Russia and Japan be holding us hostage over the USA and it's policy on Gold and the Dollar? Could they be negotiating world politics with this ace up their sleeve? Even Russia will fold if Gold sits at 250 per ounce for too long. You think Russia will fold? I doubt it. "Send them some more cash if we have to" cried Greenspan and Rubin. The World Stock Markets all are respectively HIGHer. Why? Because the DOW is higher. If the DOW equaled what it was really worth then the entire World Markets would crumble. The entire World depends on 50 stocks. And half post NO earnings. If the DOW loses, then the World loses. If the World loses, then We(USA) lose. We can NOT afford to have the World lose but we can afford to have the DOW lose. Or not UNTIL we have acquired all the free Gold that we can possibly get a hold of. In the interim, we can sell at a grandiose fireside sale all 1% of 1% of Gold just to make sure there is no question - Gold is dead, at least psychologically. And the Markets live! Bill Clinton announced that the USA social security should be buying into the DOW. Did that happen or was it just some "barking" to get you into the DOW and not into Gold. All you Goldbugs or PM investors need to play a highly speculative resource play (like GPGI or MXAM) and you should also place your bets in an established Mining Company. And for SURE, invest in a Mining Company that has not "hedged" their production forward! Which raises the question - How did the Companies that did hedged production forward for the last 10 years know enough to do that? I would take this next run up in the DOW as your last chance to get out of it. And to those who have said that they should actually invest their money into a Blue Chip Stock need their heads examined, really. By October, A Blue Chip will be worth the same as a Buffalo Chip. Stop spreading that manure. In the past, a run on Gold and other PMs have always reflected back in the Stock Price of PRODUCING Mining Companies. And ALL others have suffered like any other Stock from an inflationary signal like a run on Gold. The suffering goes to ALL, even Mining Companies that are still only developing. I hope GPGI is NOT going to miss this opportunity. But I have my doubts. All the DDs are suffering unimaginably from not PRODUCING anything with a sense of REGULARITY. I believe the winner will be the one, which like Chuca put it over 3 years ago, that "shows us the money". 2 checks in a row please. What's the plan? Which DIRT has the highest possibility of producing 2 checks in a row? Or Which DIRT has the highest possibility of producing a "process" that promises 2 checks in a row? Or Which DIRT has the highest possibility of producing a "hype" that promises to produce a process that will create 2 checks in a row? ALL Dirts are trading around .10 - .30 cents (except MGAU, they produce marketable marble or they would be lower too.) The Desert Dirts need to produce some portion of the declared billions that they are supposedly worth. So far all the DD checks add up to $1,385.23. Approx. We are missing $80,999,998,625.68 and we will also miss a great run in history if [one or all] of the DDs doesn't break through! Who will it be? Thor An Unofficial G.L.A.D. Entrepreneur